Voting is Your POWERCALL TO ACTION : The Labor Department wants to give Wall Street firms greater access to a lucrative market — your 401(k).
Go to https://www.federalregister.gov/documents/2026/03/31/2026-06178/fiduciary-duties-in-selecting-designated-investment-alternatives and SUBMIT A COMMENT to OPPOSE this proposed rule!
It would encourage the addition of alternative assets, such as private equity, private credit and cryptocurrency, to 401(k) menus.
Companies can already offer these assets. But employers have a fiduciary responsibility to act in the best interest of their workers. And because these sorts of assets are costly and hard to value, many plan sponsors worry about the possibility of legal action from workers.
If finalized, this rule — open for public comment — would add protection against lawsuits. As long as the people managing your 401(k) can demonstrate they’ve checked certain boxes, like reviewing fees, this rule would provide companies with a “safe harbor.” It essentially creates a legal shield that makes it much harder for you to hold your company accountable if they choose to offer riskier investments.
This proposal comes directly from an executive order that TFG signed in August, instructing the Labor Department to change the rules so that 401(k) plans can include “alternative” investments. It’s a move the administration claims will give regular investors more options.
Employees could use their workplace retirement plans to invest in cryptocurrencies, private equity and other “alternative assets.”
*The plan is a victory for Wall Street, which has lobbied for wider access to these products. They carry greater risks, higher fees, and are harder to buy and sell quickly but proponents say the potential financial returns justify the trade-offs.*
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